The Enforcement Directorate (ED) has arrested Jamshedpur businessman Gyanchand Jaiswal, also known as Bablu Jaiswal, and his son Raj Jaiswal in a case linked to an alleged Rs 734 crore GST fraud. The arrests were made as part of an ongoing investigation into the suspected GST scam, officials said on Thursday.Key HighlightsED arrested Gyanchand Jaiswal and his son Raj Jaiswal.The case involves an alleged GST fraud of about Rs 734 crore.Both accused are from Jamshedpur, Jharkhand.The ED is investigating the financial transactions linked to the case.ED Takes Action in GST Fraud CaseThe Rs 734 crore GST scam has led to action by the Enforcement Directorate in Jharkhand. Officials said the agency arrested Gyanchand Jaiswal and his son Raj Jaiswal in connection with the case.Gyanchand Jaiswal is a businessman from Jamshedpur. He is also known as Bablu Jaiswal.The case is linked to suspected fraud involving Goods and Services Tax (GST). The ED is looking into the money trail and other financial details connected with the alleged fraud.The agency is also checking the role of people and businesses linked to the case.Investigation Focuses on Money TrailThe Enforcement Directorate often checks bank records, company records and other financial documents in money-related cases. In this case, the agency is examining transactions connected with the alleged GST fraud.The Jharkhand GST fraud case involves a large amount of money. The alleged fraud amount is around Rs 734 crore.“The Enforcement Directorate has arrested Gyanchand Jaiswal and Raj Jaiswal in connection with the case.”The statement was made by officials familiar with the investigation.What Happens Next?Following the ED arrest in Jharkhand, further legal proceedings are expected. The agency may question the accused and examine more documents as the investigation continues.The ED is also expected to trace the financial transactions linked to the alleged GST fraud.At this stage, the allegations are part of an ongoing investigation. The final facts of the case will depend on the evidence collected by investigators and the outcome of legal proceedings.The Jamshedpur businessman and his son have been arrested in connection with the case, while the investigation into the alleged Rs 734 crore GST fraud continues.
